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tv   Varney Company  FOX Business  August 26, 2013 9:20am-11:01am EDT

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>> the military moves force to syria's doorstep. attack planning reportedly in progress. good morning, everyone, there is no significant market response so far, but the focus is on america's naval and air power now positioned for action. expect a move in oil, gold, and stocks if president obama orders military intervention. syria's assad says, you will fail. the rim fire around yosemite rages on in california. san francisco had to buy power from plants fueled by natural gas. environmentalists not happy. donald trump is not happy, new york attorney general filed suit calling his university misleading. it is extortion, says trump.
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all right, everybody, what do you think about this? miley cyrus at the music awards? horror -- here we come. "varney & company" about to begin. ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all onhinkorswim from td ameritrade. ♪
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>> we start with this. in syria, the gassing of men, women and children last week has pr the obama administration. americans forces have moved closer. four navy warships off coast of western syria, attack planning has been wrapped up. the opposition claims government forces killed hundreds and injured thousands with a chemical attack. u.n. inspectors are now close to the scene. the obama team calls that too late. now, it is looking more like our military will intervene in some way. but syria's president assad warns that american intervention would, quote, fail. all of this is having little or
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absolutely no effect on the price of gold or oil this morning. gold is down a buck 70 and oil is down 26 cents, all of that could change dramatically if president obama takes military action. we'll be watching for it. now, we are all about making you money here on "varney & company" and we've got two big names we're following closely. facebook closed above $40 a share on friday and looks like it may up a little more in the early going today and the search for microsoft's new chief gets underway and that will affect the stock after its best day in four years on friday. and then there is the sad and historic note. the first woman to buy a seat on the new york stock exchange way back in 1977 she died over the weekend from complications of cancerment she want today earn the same as a man and was toll the on the way to do that was to buy a seat so she did. siebert was 80 years old. peace of mind is important when you're running a successful business.
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♪ ♪ make my own decision, that's my prerogative♪ >> you might think your text messages and tweets are private. do they have access to everything? i want to find this out and we've got an expert who is going to tell us just a couple of minutes from now.
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stay there, please. we're a minute from the opening bell. joining us from chicago is larry levin. i'm seeing a tiny move in gold and oil despite what looks like an imminent american military intervention in syria. okay, it looks like that. couldn't confirm it, obviously, but looks like it. i would think i want to see more of a move in gold and oil. why not? >> i think it's a surprise we're not seeing more of a move if the u.s. government is getting involved in that situation and we're involved are already and certainly talking about it. the gold is above 1400 and i think it will stay above 1400. an awful lot of buyers there. most traders are confused and have been trying to buy into that market, trying to buy into gold and oil and having a little bit of success, but not great success. >> you see gold going to 1400 and staying there, staying above it? >> yeah, i do. an awful lot of buyers want it to be above that 1400 level and
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i think that's the reason it will stay above that level. stuart: larry levin, it's a pleasure. good morning to you. the opening bell is about to ring this monday morning on wall street. we've got an opening trend likely to be flat, quite frankly. i wish i could say up or down, i really can't. we might be down 5 or 6 points right where the opening bell, when the trading actually starts. now, we're up 4 points, okay? this is not by any means a solid big trend now, is it? up 3 on a 15,000 index. i'll call that flat. if you've got a retirement account chances you own a piece of microsoft. maybe a small piece, but a little piece nonetheless. last week, investors liked the departure of steve ballmer. i am one of those shareholders. where is microsoft? down 1%. and a pullback for microsoft. facebook showed up, kind of showed up the doubters with share prices hitting $40 on
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friday and now we're up nearly 1% today. 40.90. and i've got a merger this monday morning in buy tech, amgen buying the cancer drug maker. come in and tell why amgen picked them up at that price? >> fifth biggest deal in history. and both stocks are flying as you can see, both up more than 5%. amgen has a lot of drugs that are soon to lose their patent exclusivity so they needed to get into the cancer drug market. on the conference call and some executives talking up a myeloma drug, and this is a big one and investors like it. two big moves on the day when the overall market is flat. stuart: you've got that right. pretty much dead flat. the biggest drug deal in history. thanks, lauren, thank you very
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much indeed. microsoft, as i said last week, up big friday, 7% in one day. best gain, one-day gain in four years, investigators like the news that chief steve ballmer would retire within the next 12 months. who is going to step up to fill those shoes? keith fitz gerald is here with more. do you have any names in mind, keith? >> right off the top you've got to separate the internal candidates from the external candidates. i think microsoft needs an external candidates, steve burke from universal, or aurora another one. the key is like ibm did, pulling from the outside. and do you think that microsoft stock would go up a bit more if that kind of announcement were made. a big star from outside the company coming in to run it? >> honestly, i think it would. the reason i think it would, people are going to look to microsoft and absolutely
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inevitably want to compare it to apple. apple is up 7,000%. they need an executive with vision right now and that's the key category for replacing someo someone. stuart: would you buy it at $40 a share? >> no, i wouldn't buy it yet. it's got to go back down and i want to see head count reductions and streamlining and business established and then i'll buy it. stuart: all right, all right. facebook above 40 last friday, up a bit more this morning. is it time to buy that? >> you know, again, i'm going to give you a negative on that one. i think they've got the oldest problem in the book. just like a used car salesman or somebody out there. you've got to convert eyeballs to money and i'm not convinced long-term the company can do it. it's a trader phenomenon, if you nibble, great. i'm an investor and i don't like it. stuart: i take it you do not own microsoft or facebook.
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>> full disclosure, i do not own microsoft or facebook. stuart: you're the guy that brought us the great story from japan, the demographic crisis, they sell more adult diapers in japan than baby diapers and you brought that story and we appreciate it. great story. we move on to germany, 23% of german men say zero is the perfect size for a family. do you think they're heading down the same demographic disaster road as japan? >> you know, that's a very interesting question. i saw that number as well, stuart and here is the thing, it's very tough to bring that into the current, into the here and now, but that does suggest to me that germany is absolutely going down that path. whether it's 20 years, 5 years, 20, i don't know when it's going to get there. that's a critical sociological change. >> do you invest on the basis of demick -- demographic trends at all. >> i do.
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stuart: and we're down 7 points from the dow industrials, dead flat. let's get back to lauren because i've got news, not news, a stock movement on tesla. way up again. can you tell me what's going on with this? >> a banner year for tesla. the stock is up 390% this year, it's up just about 2% now and moments ago taking out a new annual high of 166.53. this is a big mover. it's generating a lot of buzz with the government, with auto manufacturers, with consumers right now, so, tesla has been a winner. stuart: all right. we've got a couple of drug stocks and now tesla going straight up, but the dow has just dropped below 15,000. i still say it's a pretty flat open. a slightly lower trend in the early going, we're down to 19 as we speak. and check out this gentleman, please. he's known as a beat boxer, verbal ace, one of the most successful street performers in new york city. it's his only source of income and he's outside right now, as
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a matter of fact. how much money do you think he can make doing that in the next hour? we'll join him in about an hour and find out how much he's made by the way, tax-free. the nsa scandal not going away and we learned that they've buckthey've-- and cristina, welcome to the program. our viewers want information for someone who knows what they're talking about, that's you. is it true that the nsa, our government, can track all of my e-mails, texts, phone calls, facebook accounts, everything i've put out electronically, have they got a record of all of that. >> they don't have a record of all of that, but it's certainly possible for them to, in their view, identify what they could call information they need to track and they could start tracking certain types of information and making collections of certain types of information and from the documents we've seen, you know, that is included u.s. citizens
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in addition to foreign nationals. stuart: so it's possible. >> definitely. stuart: they can do it technically? >> yes. stuart: and there's reason to believe that they have done it technically with a lot of this electronic stuff and it's on record? >> yes. i think it's important to understand that it's not as if they have the eyeballs, first of all, to go through in real-time every single person's. but even if they can track some of this information it's not necessarily identifiable and tracked back to an individual. they might see a that a message containing this data or text goes across and might not be able to immediately or even, you know, in all realistic likelihood say this belongs to you or belongs to me. stuart: now, there is a website, i believe, called just delete me. >> just delete.me. stuart: justdelete.me. >> yes.
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stuart: it claims to delete all of stuart varney history. >> it's a directory that shows you how easy it is to delete on services. and maybe you decide i don't want my facebook account my twitter. stuart: does it work? >> yes, it does. stuart: hold on a second. >> sure. stuart: they don't do it for me. justdelete.me does not do it for me. >> no. stuart: they tell me how to do it via twitter, facebook. >> it shows you how many steps are involved. if there's a direct link to get rid of your account they'll do that. a company like netflix almost impossible to remove your netflix account and call them and might not deactivate and let you know what's going on and in some cases okay, you can't delete the account, but you can erase your information that's been stored. stuart: forever? >> yes. stuart: it's gone, and it's not located on some server forever? >> i mean, it's going to be really dependent on if anyone
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else made an archive or something. for the most part as long as the companies are following the protocols they say they're following. if they remove it they should remove it forever. stuart: i want to see if my new tv will look at me and christina thanks for joining us, appreciate it. stuart: let's check the big board. you can hardly call this a drop. down 10, 14,999, whatever, close to 15,000. the opening trend marginally lower. president obama considering the military action in syria and if social media is any indication how you feel about it, you are not happy. we'll deal with that next. ♪ clients are always learning more
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>> i believe i did say flat and i meant it. up a quarter of a point. that is flat. 15,010. time for your morning gold report. that's flat, too. 1396 even, 20 cents higher, dead flat. beggest mover on the dow right now, this is not flat. hewlett-packard, look at it go up 1/2%. is lauren at the exchange a reason for this? it's just me. i have no reason why-- it's not the biggest mover on the dow, it's 7 cents higher. and hewlett-packard 22.47 right now. and peter kazasis, sorry, peter, is with us, and he runs civil vision and developed the algorithm that can track the positive or negative undertones of a tweet. he joins us now. first of all, i want to know what the tweets are saying about syria over this weekend,
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as america moved military forces closer and closer to intervention. what do they say. >> as the talk of military action, the conversation is progressively more negative. tweets mentioning war four times more likely to be negative. it's telling you that people don't want war. and criticizing the president for not going at the red line. a and. >> so you sweep the tweets and the result is we don't want to do this. >> that has been with the president lately. stuart: really? >> it's been almost remarkably static since the snowden thing and the syria thing to bring him back down. stuart: what do they tweet about the nsa and the snowden thing. >> you typically see a hockey stick progression, and fades from the public em imagine.
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we're not seeing that with the nsa stuff. the value has been almost the same day after day. stuart: really? >> and as the stuff keeps coming out. stuart: the negative on intervention on syria. negative on the president's position. >> if there's a story of this presidential-- of president obama's career, it's going to be the nsa story. stuart: really? it's been that big. early june and now late august and we're still talking about it almost as much as we were back then. stuart: we're going to discuss it later in the show. do you think this is the issue that could separate young voters from president obama by the looks at your tweet results. >> yes. stuart: i have to ask about miley cyrus, and pretty raunchy. >> what was the tweeting reaction. >> there was a huge negative reaction almost, i think it's called for, but, yeah. stuart: from people of your generation. >> from young people. that's something you don't want in your tv with your parents in the living room with you. and people of my generation
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were equally as offended. >> that's shocking. >> oh, i don't think so it is. stuart: i would expect the parental generation to be opposed to it. it was a little much even for us. >> peter, woman to the program. you've got a new development at your organization. >> yeah. >> i want you to tell me what you're doing with breaking news. we're calling it activate and looking to see the way that people change social media as a trigger for other notifications around certain topics and you'd be able to subscribe to your own name, you're big enough people are talking about you, earthquakes, whatever you interest you and we notify you when it definiviates out of the spectrum. stuart: is it because you tweet around the world, the earthquakes. and reported before the u.s. geological survey tweeted about them. >> yeah, we're catching them
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before the cnn or breaking news accounts discuss them before you guys were talking about it here and before the u.s. geological survey. stuart: what you cannot do is confirm the size of the earthquake or the damage and the rest of it. so what happened. >> no. stuart: you picked that up. >> that's the case with a lot of stuff. it's hard to give our stuff context, it's a red flag, something is happening here. stuart: i think you're on to something with the tweeting algorithm. peter kazazes. and miley cyrus and the raunchy performance at the video awards. we're supposed to be outraged, but my take might surprise you. ♪ don't tell my heart, my achy breaky heart♪
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>> new anl-- do analysts make a difference. one upgrade, one downgrade from the analysts. big lots got an upgrade from j.p. morgan a makes a difference, and bank of america cuts tyson foods from buy to a neutral. yes, it makes a difference, down 3% there. and our beat boxer, he's still out there. going strong. wait until you hear how much money he makes in a day, a street performer in new york
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city. i'll going to go out and talk to him in about an hour. and we've got steve ballmer i should say. he's out. and somebody who bases his company on microsoft, who does he want to see take over. and jason mattera on young people blindly following president obama, so-called zombies, are they waking up on the spying issue? we'll ask him. the last week of august and big vacation week and fairly quiet on the financial front, too. here is my take on miley cyrus, that's different, right? last night she put on what i would call a raunchy performance at the music awards. she tore off most of her clothes, and did a bump and grind routine in front of a very large and very young audience, it. v. it was sexually explicit. at my age, with six children
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and seven grandchildren, i am supposed to be outraged. i am supposed to be appalled at the overt sexuality of these youngsters, these days. well, the truth is, i'm not surprised by her act. i think it was to be expected. miss cyrus is making the transition from innocent youth to young adult. and apparently, a raunchy performance is required. if there is any blame here, that blame should be laid on the baby boom generation because we started it all. remember, if it feels good, do it. i believe that was invitation to sex. remember turn on, tune in, drop out? that was all about drugs, wasn't it? and the rolling stones, jimi hendrix and country joe and the fish, sex, drugs and rock and roll. the coorsening of public life began in 1960's when my baby boom generations was testing the limits of public behavior and broke through any limits ever imposed before.
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surely overt sexuality by miley cyrus is not much different from the overt use of drugs on a mass scale 50 years ago. both are provocative. both get the same reaction from parents. tell you the truth, yes, i was shocked at just how explicit miley cyrus' routine was. will smith's family was in the audience and tell they were shocked, too, let's be honest. the coursening started with miley cyrus' parents generation, we got this ball rolling and evidently we're not prepared to begin the turn around.
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>> monday, august 26th, a big week for vacations, but not the news business. just look at this. spying, snooping on nor e-mails, an issue that could pry voters away from the obama camp. in 20 states, private lobbyists get jen rick public pensions. why is this happening? we have a report for you. can it be gamers make better employees? our guest says, yes, and it's not just drone pilots either. we have a big boxer here making music without instruments on the street right now. how much money will he make during our show? ♪
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look at this. we are all of a half hour into the trading session, not movement for the stock market, up seven points, that's it. the price of gold, surprised there's not much more move. there's no movement even though the american military is close to taking some action in syria, gold is now actually down 70 cents. same story with oil. i was expecting more of a move, not much of a move, and, in fact, down p 4 dlsh -- 42 cents. durable goods down 7.3%. no impact on the market at all. >> the only reason is one of the numbers that changes a lot, but that tells you, big ticket items, lasting three years or longer, for us, a refrigerator, and for a company, equipment. it tells of the narrative that people are anxious. it's not -- you just -- >> is it the economy?
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>> a weak economy because everyone's waiting and waiting because there's so many dark clouds. we don't know. we don't know. we don't know -- we know every other week we see something that's detrimental for the economy from the new health care law, dodd-frank 40% done, hesitation on a lot of people, individuals and corporations out there. >> i thought the market would go up on this because ben's going to keep on printing because the economy is weak. you don't share that view, but -- >> i think at some point, though, the marketments good news, at some point, you know? >> i'm shocked at little stock reaction to the durable goods action, little reaction in gold or oil to the news in syria, four battleships there on the close to syria, no reaction whatsoever. >> not yet, but that could happen in a second. >> it could. >> especially to gold and silver. >> watch varney and company. >> all day. >> there you go. supporters of president obama
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turning their backs due to nsa scandal, hollywood elites are angry with the president as well. oliver stone calling the president a snake. is this the issue that will sink the president with his core supporters? is it? there's a book on young people's love affair with the president called "obama zombies," the premise of the book, glad you are with us, because i'll request dissh ask the question, is the spying scandal the issue to separate the zombies from the president? >> it certainly is damaging him. look at polling from the election up until now, there was a ten-point loss amongst younger voters, and it doesn't help the president with people like oliver stone and matt damon who pin point the nsa, even the proliferation of drones, as a basis to call barack obama a snake or saying that barack obama broke up with him as matt damon as accused the president
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of, so i think young people, because their lives center around electronic communication, they are very uncomfortable with all these revelations that keep pouring in about nsa abuses, and, in fact, it's gotten to the point now where on twitter, you have hash tags that are mocking the nsa. the last one was nsa pickup lines, trending nationwide on twitter, because, as we know, the latest nsa revelation was you had employees snooping on their ex-girlfriends or following loved ones internationally, and so there were nsa pickup lines. my favorite was, just relax as we unzip your files, and another i liked was, just tap that. >> well -- [laughter] >> charles is laughing here. that's funny. i got it. we had a young man on the show, a frequent guest on the program,
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and he's got an algorithm that sweeps across all the tweets and makes a judgment on whether they are positive or negative. he says that the nsa snooping scandal is the one which separates the young steers from the president. he says this is thee big issue with them. would you go that far? >> i would in the sense that this could be the issue where it gives republicans, someone like rand paul, an opening to go and swoop the younger voters who are very uncomfortable with this type of capabilities with the nsa, and i would say that because it's not like the economy's really moving the needle. the economy sucked for them in the 2012 election, and yet that did nothing. maybe it is the nsa. majority of young people support the president, but the polling data, there's a ten point hit since the election, and i think it's the nsa, and tie that in with other governmental abuses,
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and it's creating a -- it's creating a narrative that this is a government that is very out of control and could have potentially be spying on americans without any warrant. >> the other side of the coin, the economy, as you say, is pretty weak at the moment, and it was weak the last four years, but that is not an issue that resinates with young people. i know maybe it should because they are in college and can't get a decent job when they get out, but i don't think it's an issue yet with young people. would you agree with that? >> the economy? >> yeah. >> no. it's -- no, it's not an issue because the unemployment rate is high for their age bracket, and they are graduating with degrees that are not useful, and they can't find work. they are loaded with student loans and debts, so -- but this was an issue that's been around the last four years involving young people, and so, again, it could be that the nsa -- >> [inaudible]
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>> it doesn't resinate, and maybe republicans are seen better candidates and be more forceful with the message, but it doesn't. the nsa scandal hits home, and it's because this is a direct abuse of power, and it may be on a minor scale, but if every single day in the news, we have the government officials walking back saying, oh, no, there's no abuse, and then it turns out there are abuses, and then there's no congressional oversight for the programs, so, you know, it definitely pulls a problem for the president. >> jason, thank you for the input. come begin soon, appreciate it. >> thank, guys. >> there are hundreds of private lobbyists in at least 20 # states who get public pension because they represent associations of counties, cities, and school boards. apparently, legislators gave them access decades ago on the premise they serve the government and the public. here's a side note, access also includes state health care
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benefits as well. liz, you know this story. private entities getting public pensions and public health care support and money. go. >> it's alarming. 20-plus states, and, plus, a lot of the associations are coaches associations, teachers associations, and we saw this in 2010, many of them lobbied to raise the property taxes and raise government spending in the states meaning taxpayers are hit, taxpayers themselves have less of a voice in state capital. >> i just don't get it. if i'm a lobbyist, and i'm privately employed, i'm on the dime, lobbying for the teachers' union or education, i can get a public pension? nice generous pensions? >> and health benefits. it's shocking, stuart. i didn't realize this either that the lobbying groups could get public pension and health care money. what their argument is is they say they work on behalf of the state taxpayers. a lot of the work means raising
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in the state and taxes. >> precisely. >> exactly. >> lobbying for a tax increase. >> showing less transparency, and it's hurting taxpayers. it's one more thing to be stopped. >> a good story, liz. >> yeah, sure. >> thank you for bringing it to us as well. lauren, facebook shares up big again today. well above the ipo mark, where are they? >> above $41 now, in fact, hitting a new annual high, up two and three quarters percent, but remember back in may of 2012, ipo day, investors bought them at $45, get back up to that key point, and those guys can break even; right? >> yeah, i wonder if they are still in it buying it at 45. i simply don't know, but somebody bought it. >> i know somebody who did. not me, and i know someone bragging about it. >> still own? >> still own it. it's like a joke for them. >> won't be a joke if it goes to
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50. >> i know. >> 41.66 i see at the moment. all right, lauren, thank you very much indeed. now this, new york state attorney general is suing donald trump for $40 million over trump university. all right, liz, break it down for us. what is sneiderman accusing the donald of doing? >> over charging, under delivering, defrauding 5 # ,000 students out of $40 ,000. they are seeking restitution saying he's promised they would make them real estate -- essentially mogul-type businessman, and the students have been filing complaints. trump is tweeting back saying, this is a political vendetta, that the attorney general is out to get him. >> well, sneiderman is overtly political attorney general for the state of new york, but any idea how much money a student would have paid into this for-profit university? >> we're tracking that. in the thousands of dollars, but this is going to a fight that's going to last for a very long time.
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donald trump is not backing down saying he changed the name of the school from a university to an institute, and he's -- the charge is also that he says he allegedly, personally, hand picked or told students he hand picked instructors when he did not, that promising them the photo shots with trump with the card board cut out of him, it's to that level. there's a broader problem, college tuition across the board is going up, an issue the ag could look at as well. >> like new york, go after a high profile conservative and pin something on him. he's fairly conservative president >> not just that, but not a shrinking violet. there's further political ambitions. >> i suspect mr. sneiderman does. remember the 3-d printer print a chess piece in the show? i met to bring it down with me.
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i have it in the office, by the way, a couple weeks ago, but citigroup was watching. they started the company, 3-d systems, with a buy rating. take a bow, charles, because you liked it before the big guys. >> i love being ahead of the big guys, up 8% today, well over 100% from the 52 #-week high. hey, citigroup, welcome aboard. one of the camera guys, i don't know if he's here, bought it at 40. >> on your recommendation? >> yeah, he was listening. >> looking good, charles. >> believe me, they initiated it as a sell, i wouldn't have come in today. >> you have the 3-d printer on show, on set while i was away, and the printer printed a small chess piece. >> a rook. >> a rook, yeah, yeah. >> brits on the outside, castle, spiral staircase inside. amazing, absolutely amazing. no way in the world people can look at that and not think of the possibilities for 3-d prints
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ahead. >> he should have never gave it to me. i could have brought it on camera. >> wonder what you'll be printing out. >> ladies and gentlemen, an announcement, a special making your market. that's the name of it. charles payne is anchoring. the rest of the week on the fox business network at 6 p.m. eastern. you are going to make the viewers money, aren't you? >> empower them, not just make them money, but so they understand. people know already. they instinctively know, but for years, told they can't do it, afraid, no more excuses, okay? eight years, a new president, another eight years, the clock is ticking. let's take care of your lives, i'm excited. >> knock them flat. >> i will. >> video gamer make the best employees and best workers. really? after the break, someone who is claiming just that. ♪
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>> all right. did you see this? woods reeling from a back injury at this sunday's barclay's tournent afterthe eo sh the 3th, rppedo the ee n anbt h ught
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throughit. hebred te1t,1t, misd bire ut on the 18t ut wouldavefrcd a plof highdra onthtes yestday. waseco forthe tournamt, strkbehi allen scotwho o abig bith egng l's tl ouaut tt. amg is uing onyx pharmaceuticals. they are up both on that news. all right, kids, don't listen to what your parents told you. playing video video games mighte good for your career. identifies ben is here to break it down here for you. okay. are you telling me that gamers make better employees, and if you are telling me that, make your case. >> well, stuart, gamers make far better employees than people think. people think -- sounds like you have the position that people think gamers are lazy,
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unmotivated, and just not energized to do anything. gamers actually collaborate, look for real world success, and they win as a team. they want the whole workplace to win and be productive, but that's not the issue of gamers being better employed. the issue is that the workplaces don't know how to capitalize and motivate this dimming generation or they call the digital nation or generation y. >> okay. tell me in what way -- now, look, i understand hand-eye coordination making you a good gamer. i got that. i'm useless. i got that. i'm past it. okay. tell me how playing games, video games, enhances my interpersonal ability, my ability to manage, for example, what's it do for that? >> well, video games actually teach you how to collaborate and work as a team. they define wins.
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games are teaching you how to fail quickly and fail fast to actually achieve the victory you want, so compared to those who don't pgive up too quickly. gamers sit there for hours playing to beat this demon or this boss or farm tractors on facebook, millions of people every single day are actually sitting there right now farming tractors in the workplace because, let's face it, the workplace is boring, and in the workplace, they are not getting the loops needed to show this is the difference you are making in the workplace, and this is how you win. >> is there a particular kind of game or a particular game which is very good in yourceps making good employees who collaborate and keep trying? can you pick one out? >> well, there's multiple games. it's not just the game in itself because what we've seen from the research is games and the educational learning like e-games for learning now, they use in schools for children, is
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increasing the retention rate by 300%. that means they are recalling the information. they get far faster. it's what makes up the game, what they call the game mechanics making it addictive and follow-up. >> okay. what's your interest in this? how do you make it money out of your observation? >> well, what we do is actually we teach businesses how to implement game mechanics to make the businesses fun and addictive seeing clients increase conversions in sales and productivity from 3-p 3,000% because we though how to capitalize on the generation y, that millennials, they find tough to motivate and empower. we show them how to create. >> interesting, ben. apply your knowledge to me. how would playing video games make me a better presenter on television? >> so making you a better presenter by increasing multitasking and increase team
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reach in collaboration, unlike you talking to someone down the road, but with video games, you go, i can leverage the internet, use social media and have a detailed reach and collaborate with more people. you learn how to, through video games, actually, empower the team around you to all achieve the win. it's not just you need to get this message across. it's, like, well, how do i get a hundred other people to end roll in the message so they all feel aceps of victory by achieving the goal. >> are you an australian? >> i am, yes. >> how long you been here? >> i've been in the u.s. for six years now. >> green card? >> i have an investment visa. i created 300 apps last year in the company, and we actually were using video games and creating a game platform to actually feature and show people how to make money with apps and
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create apps in a powerful way. >> are you staying forever? >> >> who knows. i'm staying now as my visa lasts, and the visa renewal process, isn't it? >> yes, it is, well said, young man. a good case for the point. i'm interested. thank you very much indeed. we appreciate you being with us. thanks a lot. >> appreciate it. >> even if you don't pay much attention to the news, i bet you've seen it this morning. miley cyrus and her raunchy performance last night on the vmas. sandra cincinnatti, a new mother will react to a totally nonfinancial story next. peace of mind is important when you're running a successful business.
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it partner, with centd you'll experience reliable uptime for the network and services you depend on. multi-layered security solutions keep your information safe, and secure. and responsive dedicated support meets your needs, and eases your mind. centurylink. your link to what's next. [ villain ] well mr. baldwin... it appears our journey has come to a delightful end. then i better use the capital one purchase eraser to redeem my venture miles for this trip. purchase eraser? it's the ey way to erase any recent travel expense. i just pick a charge, like my flight with a few taps, it's taken care of. impressive baldwin. does it work for hotels? absolutely thank goodness. mrs. villain and i are planning our... you scare me. and i like it.
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>> oh, check it out, above 15,000, 28 points higher, not much, but we'll take it. how powerful are the wall street analysts? power, i'd say. big lots got an upgrade from jpmorgan, and they are up 6%. bank of america cut its rating on tyson foods, and it was not a
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buy, but says it's at a neutral. that was enough to bring them down 4%, okay. there's implements there. you heard my take last hour on miley cyrus' performance last night. now, let's get another reaction, new mom, sandra smith at the cme, liz mcdonald is here. so, we got three young women who all have seen miss cyrus' performance last night. you are younger than i am. sandra, your reaction, new mom, your reaction? >> well, thank goodness the baby was asleep at the time i was watching the vmas, but i'm a pop music fan, willing to admit that on national television. i was not watching the vmas because you told me orlando johnson we would talk about it, but i watched it because i wanted to watch it. miley cyrus, all about the show of artistic expression, but that was so forced to me, i had to
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turn away from the television screen. it looked like more of a business deal to me. somebody pushed her on stage and said, be as raunchy as possible so they talk about you tomorrow. that's all i got from it. >> okay, sandra, stay there. i want another comment from lauren on the floor of the new york stock exchange. another young woman, your reaction, please? >> i was watching "breaking bad" rather than the vmas, but saw clips this morning, and she remind me of lindsey lohan, something's going to go wrong, about to happen, trying to figure out what kind of woman she is going to become, and she's not 21 yet, so i don't know. she's struggling to find her identity. >> lauren, moving on to liz, next to me on the floor of the set right here. your reaction? >> what happened to hannah montana? this is raunchy, wring making, and robin thicke was uncomfortable despite his song. he's a family man with kids. her managers are failing her. she doesn't need lewd moves like
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that on stage. she's talented enough, and now this is really going to set back her career, and the irony is she lost to taylor swift for best female video. >> all three of you, same question again, was it my generation, the baby boom generation, who started this, the coarsening of public life back in the 1960s, sandra, you first? >> you were rolling stones when you talked about this earlier, and at least they had talent. ending at that. >> lauren? >> i agreed with your commentary minutes ago, tweeted it out you were right on, but i think the problem is today. >> but, liz, the rolling stones and mcjager were the people your parents loved to hate. >> lovedded to hate. >> they were raunchy. >> they were, an mcjager did that famous michael jackson crotch grabs move before michael jackson did, but this performance was a step beyond. when you see the clips, you'll see what i mean. >> disgusting,.
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>> it was gross. >> disgusting you said? >> unnecessary. >> raunchy. >> she's so talented, she doesn't need to do that. >> okay. by the way, everybody, we are getting reaction from our viewers on this. more reaction we got on virtually every subject we've ever covered. we'll tell you what your reaction was at the end of show, so watch out. here it comes. the search is underway for microsoft's new ceo, the stock and my retirement serging after steve ballmer is leaving the company after 12 months. who can carry microsoft through the next decade? any ideas? we have. that's next. ♪
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>> facebook trading above the ipo level, 41.80 # now. what do you have on the strategy. >> the hanging concern with facebook is they didn't have a mobile phone strategy. in other words, it could alienate users, but they may not be alienated meaning the mobile phone guys. if you have advertising on your facebook page, your mobile phone, it's video ads, not print, and maybe ten to
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15-second spots dumped out of quickly. >> you don't think that annoys people? >> that's what mark and the team are worried about. they don't want to alienate that crowd, the mobile phone crowd because that's where the money is. >> the money from the mobile ads on facebook putting facebook stock close to 42. >> that's right. >> thank you. steve ballmer out within 12 months. who replaces him? what do they have to do to turn the company around? >> a sort ware company working hand in glove. sanjay, what would you want to see from the next microsoft ceo? >> nthing youn to now out irsoft,it notjut one mpan,ua cyemo half a milliongol pars. wt hgobaprters tt re ucful,for xample, p 145%thi ear, ad pates ve asimar tory. the net cends tomk
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micsoft loudsrvis comny thafues on h eerpre,an vi fax pea ratjb wt fie 365 thertvrionof offce ueddedi yers, ey impssi,ges t rat exple of ht micrsofthoul be aa opany ou ana complet migrion, opte aever mirosofttowardsclou comting n satat itsrealjst a faceli. icroft is leadyoing ts well okofie 365ui f hard oe gaming, h onyarea whertey realy o el in h umer spae iroso nes to focus oplely he terpse ad elte ecosystemnthis a o'e, u know igeservr, bi ata, widwsserer,h' whe thngs atieng. tyae doin thisut h dont tk abtit tryg to be a nsur faing comnyike app. 's notteir itryo cu -- culture. >> okay. any names in mind of people you want to see 5z the new chief?
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>> david sachs, impressed with the work so far, ray he was there, but left in 2007 for hp. in terms of outsiders, someone like mark, you know, really understands the cloud, and i think that's the type of leader you need, a technical leader whe cloud, building businesses rather than focusing on the consumer. >> from your point of view, this thing called the cloud, and cloud computing, that's the way of the future, period, is it? >> they are the best company in doing that. they have to emphasize strengths, absolutely. >> give me ten seconds on what they are doing with the cloud so everybody can understand it. go ahead. >> two examples. office 365, ten bucks a month to get office on devices, and iphone, and desk top, or xbox live, pay five bucks a month to
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access concept. every business should go in that direction. >> okay. we need an insider to tell us what's going on, and you're it. sansay, thanks very much. >> thanks for having me. >> okay, sir. we told you about the beat boxer, he's still there. in fact, he's outside the studio beat boxing, making money, making music without instruments. he's interesting, good, too. we'll meet him in a moment. ♪ like carpools... polly wants to know if we can pick her up. yeah, we can make room. yeah. [ male announcer ] ...office space. yes, we're loving this communal seating. it's great. [ male announcer ] the best thing to share? a data plan. at&t mobile share for business. one bucket of data for everyone on the plan, unlimited talk and text on smart phones.
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>> the california wildfire ravaging the national park is now threatening san fransisco's power and water supply. the fire is now within two miles of the reservoir that supplies 85% of san fransisco's water. the city has also been buying 600,000 dollars worth of power to ensure that san fransisco does not go dark. the fire that began august 17th is now one of the largest in state's history. durable goods orders fell more than forecasted in july after three months of solid increases. the commerce department reported orders for durable goods dropped 7.3%, and that's the biggest drop since august 2012.
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a bill awaiting congressional approval may force commercial airlines to install a secondary barrier to protect the cockpit after 9/11, they had to install a locking door between the cabin and cockpit, but the new bill suggests safety is --
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>> all right, everybody, you've been watching and hearing some of this all morning on "varney and company," i bring to you verbal ace who makes music on the streets of new york without
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using any instruments whatsoever. give me ten seconds, adam. ♪ >> stand clear of the closing doors, please. ♪ >> you're a street performer. >> yes. >> this is way you do? >> yeah. >> op the streets of new york city? >> yes, sir. >> no other job? >> no other job since 2011. >> how much money do you make, you've been outside the studios in midtown manhattan, outside for an hour, how much? >> 57 and some change. >> 57 and change in one hour. >> one hour. >> is that normal? >> -- >> more or less? >> less, less, yeah. >> 57 bucks in an hour is less than you normally make. >> yeah, yeah. usually when i'm in the subways, i think the most i made in one
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day was $400. >> wow. who gives you the money? foreign tourists? >> tourists, new yorkers because i like to do something that connects with everybody. that's why i do the subway train voice, but i say stuff you normally hear. >> how many hours a day do you work? >> when i first started in 2011, i stayed out for six hours, but now, you know, i have to protect my voice, i'm out three to four hours a day. >> that's it. no other work? >> no other work. >> a couple hundred bucks cash every day. >> yeah. >> do you pay taxes? >> i'll see you later. >> give me a trumpet? >> a trumpet? >> yes. ♪ >> excellent. give me a flute. ♪ >> that's a weird flute. sounds like an alien.
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>> okay, whatst favorite instrument to imitate if >> most of the stuff is like what you hear every day, crickets. >> remarkable. bird sounds. >> that's fantastic. >> an annoying sound, flies. >> ha-ha! so, it's not music music, but sound effects with rhythm built in? >> yeah. >> give me another ten seconds, anything you like. ♪ >> wow. >> that is really -- may i use a young person's expression, but
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that is awesome. >> awesome, oh, yeah. hip. >> where will you be today? >> meeting up with nick cannon after this for "america's got talent" to do something in times square to air on tv wednesday. >> well, look, i hope you keep on making money. >> oh, yeah. >> you are good. that was terrific. >> thank you so much. >> thank you for watching, everybody, he'll take us to break with more music, rhythmic sound effects. go. ♪ ♪ [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves...
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♪ >> look at the dow industrials, up 25 points, turned positive within the past hour. a couple stocks you ought to be aware of. home depot is the biggest winner. it's up 2.5%, at 75, home depot, this morning. i got to tell you that microsoft, some of which i own, is the biggest loser at the moment down nearly 2%, just hanging above 34 a share. of course, it was up 7% last friday. veterans, they are waiting longer than ever for the disability compensation.
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that's bad enough, okay, how about this? the department of veterans affairs, which processes these claims, gave its workers millions of dollars in bonuses for, quote, excellent performance. in 2011, backlog claims rose by 155%, and more than two third of the claim processes actually shared in the 5 #.5 -- $5.5 million bonus pool. any explanation for poor performance? >> the va says the backlog is tripling or doubling, and what the workers themselves are quoted as saying, stuart, is they are working the easier sets of clamps that hit the numbers in order to get bonuses setting aside the complex claims related to complicated illnesses that may have been suffered because of military vets, you know, exposed to agent orange or other chemical warfare or other diseases overseas. >> explanation is the backlog is going up because claims are more
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complex because of the unusual problems faced by guys returning from iraq and afghanistan? that's the explanation? >> yeah, and so also with the workers themselves are doing is processing theeeasier claims first and setting aside the more complicated claims in order to get their bonus money, and the thing is, when they process claims when appealed, three out of four of them are wrong, that they are processed incorrectly the claim, and the other problem too is the veterans affairs secretary opened up and expanded benefits for all illnesses, you know, that they were never allowed before, you know, exposure to agent orange, post dramatic stress disorder, or gulf war illness adding vets to the roles, but at the same time, it's so backlogged and bad that the claims processing center, sale in north carolina, a floor almost collapsed, that's how many claims are sitting there. the paper backlog is so big, massive incompetence going op at the va as pell on the --
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as well. >> thank you so much indeed. >> sure. we'll bring you a lot more varney in just a moment. to fly home for the big family reunion. you must be garth's father? hello. mother. mother! traveling is easy with the venture card because you can fly any airline anytime. two words. double miles! this guy can act. wanna play dodge rock? oh, you guys! and with double miles you can actuay use, you never miss the fun. beard growing contest and go! ♪ win! what's in your wallet? folks have suffered from frequent heartburn. butetting heartburn and then treating day after day is a thing of the past. block the acid with prilosec otc,
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>> last hour, my take on miley cyrus and why baby boomers are to blame for starting this cooerness in life back in the 1960s. my take on her raunchy performance on the vmas last night. here is your response. mary says exactly how many years does miley get to use the pass s says, "her freedom tong? be her and perform as she pleases includes my freedom to not watch her or purchase her music." liz, the general view seems to be that last night, miley cyrus did not do herself any good. do you agree with that? >> i agree. i'm not approved. i listen to all sorts of music, and what i saw last night, she did not need to demean herself
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because she is talented. the viewers are right in what they say. one of the lines in the songs she sang last night making the lewd moves on stage, we can do whatever we want. this is our house. this is our room. no, you're in everybody's living room. you can't do those moves, too suggestive, and transitioning to the audience that you think you are going to get, no, people do not buy tickets to see you do that op stage. >> i said it was my generation in the 1690s that -- 1960s. >> i don't think the baby boomers even liked to watch the discussing moves on stage. i don't think anybody likes to see it. i've seen it time and geeing, i have nieces and nephews. they think it was appalling and demeaning to the performers. >> maybe, there's a financial shock value to what she did last night. it was shocking. >> yeah, but -- >> people say it was a real shock, and if they watched with
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their parents, they were blushing. >> shock fatigue. they are tired of that. it seems like you're not tiredded of it. >> no, no, no, i didn't see it. i saw it this morning when we were looking at the tape of what to use on the show today, but there was question about whether or not we should use that. >> i see the point. we've been through generation, the 60s, the shock value, does it play? do people make money? >> yes, they do. >> i think to a degree. i think then it turns away. look at the performance. we've done this before, look at michael jackson's career. >> all generations of parents look down on and criticize the music watched by their children. >> you know, the rolling stopes had a lost decade in the 70 #s too. don't forget that. they came back in the late 70s and 880s; right? the albums didn't sell. >> got back to raunch, didn't they? >> yeah. >> one minute to talk about the beat jpmorgan box -- beat boxer, making a couple
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hundred bucks a day. have we got some tape? listen to this? ♪ >> wow, that's called crazy train, by the way. that song, the music that he's imitating with his own voice only, crazy train. i thought the man was really talented. >> extraordinary. who knew. that -- i didn't know that's humanly possible to see him do that. now he's going to meet with mr. cannon from "america's got talent," god bless him. i hope he makes it big. >> he makes a couple hundred bucks a day. >> you asked about taxes, he's not paying taxes on it. he gets an earned income tax credit to declare it. >> he declined to answer. i asked about taxes. >> he almost walked off the set.
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>> don't do that in live television. you absolutely can't do that. the dow industrials, please, up 31 points as we speak, at 15, 0 # 4 -- 15,042. it's not the week for serious action, but could change if america takes action in syria. i don't know, but i suspect. >> putin is against military action in syria. rush -- russia is a big player. >> i'll see if anything happens to gold and oil, if military action is taken, and i don't know whether it will be taken or not, but attack preparations appear to have been made. i'll expect gold to go up and oil go up, and that's not happening at this moment. >> it's not. oil is trending around $107 a barrel. i think it sticks there, and oil is more of a global demand, global growth play right now. not short term military action. >> well, we've got four american warships positioned just off the western coast of syria in the
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mid eastern mediterranean, four warships positioned there, two aircraft carrier battle groups, one off the coast of yemen. if one made a move through the suez canal, if that happened, i think you'd see serious movement in stocks and/or gold and oil. that's a prediction. see what happens. >> i'm with you on that. >> first time that the federal reserve, ben bernanke, is not mentioned but once on this program. >> isn't that something? hallelujah. >> that's all from us, but connell is taking it over. connell: saved yourself with the syria talk at the end. i was worried about the comments on twerking, and street performers, loosening up. good job from you. syria as well, but the story about washington spending our money. it is a the greatest fear, period, a new survey suggesting that, that we will have for you. the farmer's almanac to expect a
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snowy super bowl. how great would that be? the question today, though, is a money question. is that a money maker or money losing proposition if it snows in the new york-new jersey area? a $1 million disaster in several western states, the wildfires, tens of thousands out there battling the fires. they now have the full attention of the white house. much made of who will be replacing ben bernanke? what will ben bernanke do after he steps aside as fed share? we have at least one interesting suggestion for you. all that and more coming up on this hour of "markets now." ♪ good to have you with us here on monday. dagen is off on vacation this week, but we have a lot to talk about, brian westberry starting off on the economy. keep in mind, brian, he's been on a lot

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